Russia’s Oil Production Reduction Plan for 2024: Insights from OPEC Meeting

2023-06-06 03:43:16 Spokesperson for Russian Deputy Prime Minister Alexander Novak TASS told TASS yesterday (June 4) that Russia would reduce oil production to 9.328 million barrels per day in 2024. Yesterday, the meeting of the Petroleum Exporting Countries (OPEC) and its allies or OPEC Plus Russia’s oil production quota was set at 9.828 million barrels … Read more

WTI oil prices rose more than 1% to $81 after Saudi Arabia brushed off news of an increase in oil production.

WTI crude futures rose more than 1% to $81 after Saudi Arabia rejected a Wall Street Journal report that the Saudis and members of the Organization of the Petroleum Exporting Countries (OPEC) were not discussing a boost. production At 7:57 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in January. Which traded … Read more

WTI oil prices jump more than 4% to break through $83 as OPEC Plus speculates big production cuts

WTI crude futures rose more than 4 percent, breaking above $83 today. Responding to the forecast for the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies. or OPEC Plus this week As of 7:25 p.m. Thai time, the West Texas Intermediate Crude Oil (WTI) contract was delivered in November. It … Read more

Oil prices continue to surge, WTI breaks past $96/Brent breaks

Crude futures continued their gains, most recently WTI breaking above $96 while Brent crossing $104, boosted by forecasts that Petroleum Exporting Countries (OPEC) and its allies or OPEC Plus may cut oil production to support market prices As of 11:39 p.m. Thai time, the West Texas Intermediate (WTI) crude oil contract was delivered in October. … Read more

OPEC Plus Meeting Completed, Boosting Production 648,000 | RYT9

Petroleum Exporting Countries (OPEC) and its allies or OPEC Plus Today’s meeting has been completed. The meeting resolved to increase production capacity by 648,000 barrels per day in August. The increase in production was in line with the original resolution of the meeting on June 2, in which the meeting on that date decided to … Read more

Oil Market Outlook: WTI Oil Closes Up $6.31

New York’s West Texas Intermediate Crude Oil (WTI) ended higher on Tuesday (April 12) after OPEC warned about risks on its oil supply. If Russian oil sanctions are fully imposed The WTI crude oil contract was delivered in May. It rose $6.31, or 6.7%, at $100.60 a barrel. The Brent crude oil contract (BRENT) will … Read more

WTI oil prices rose more than 1% above $79.

WTI crude futures were up more than 1% above $79 today. This was driven by tight oil market conditions. while the Organization of the Petroleum Exporting Countries (OPEC) and its allies or OPEC Plus produce less oil than the specified quota As of 8:21 p.m. Thai time, the West Texas Intermediate (WTI) crude oil contract … Read more